Solvay, an international materials and chemicals company, and Strata, an advanced composite aerostructures manufacturing facility, have formalized their Joint Venture (JV) to manufacture and supply Boeing with advanced composite materials from a high-tech facility to be made in Al Ain. The parties will move for anti-trust approvals.
The new Joint Venture with equal ownership will be the UAE’s first supplier of pre-impregnated carbon fibers, also referred to as “prepreg”. The durable advanced material is used to manufacture composite structures for aviation applications, including Boeing’s latest generation aircraft, the 777X.
Khaled Abdulla Al Qubaisi, Chief Executive Officer, Aerospace, Renewables and ICT, Mubadala, said, “Over the last ten years, Mubadala has helped to create an advanced and sustainable aerospace industry in line with Abu Dhabi’s economic diversification vision. This agreement with Solvay fits perfectly with our growth strategy, focusing as it does on high-tech manufacturing capabilities, and demonstrates our commitment to providing competitive offerings to the world’s leading OEMs.”
“This joint venture showcases Solvay’s capabilities in advanced aerospace composite technologies, including for aircraft primary structures as a growth pillar for our materials business,” said Jean-Pierre Clamadieu, CEO of Solvay.
Badr Al-Olama, Chairman of Strata Manufacturing and Director of Aerospace, said: “This is another ‘made in the UAE’ success story for Strata and its shareholder, Mubadala. We are incredibly proud to be an integral part of the global aerospace supply chain, and to expand our partnership with Boeing through this exciting entry into advanced materials manufacturing.”
“Solvay with its technical expertise in advanced composite materials will strengthen its longstanding business relationship with Boeing”, said Carmelo Lo Faro, President of Solvay’s Composite Materials Global Business Unit (GBU).